Quick Fact
You can contribute up to $2,000 per year to an education savings account per child. You can make contributions anytime after a child is born until the child's 18th birthday (with an exception for special needs beneficiaries).
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Savings
When it comes to saving your hard-earned money, KEMBA Financial Credit Union offers a variety of savings programs. Our savings products offer attractive dividend rates and provide a safe and secure place to invest your money. Plus, at KEMBA your regular savings accounts are federally insured for up to $250,000, and your IRAs for up to an additional $250,000 through the National Credit Union Administration (NCUA). You also receive an additional $250,000 in coverage from Excess Share Insurance.
Check out our Savings Rates!
Regular Share Savings
Your Share Savings account is your first relationship with us, and it’s a great way to save for the future. Open the account with just $5 and you get membership and ownership in KEMBA. A Share Savings account earns monthly dividends (interest) at a competitive rate. You can make regular contributions by payroll deduction/direct deposit, at ATMs, KEMBA and shared branch locations, online or by telephone. The possibilities are endless.
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Certificates
KEMBA certificates are an excellent investment tool that offer the higher interest rates you want and the security of knowing your funds are insured. KEMBA certificates have competitive rates and a wide-range of maturities –
from 3 months to 5 years –
to fit your financial needs.
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Money Market Accounts
A KEMBA Money Market account is another great way for you to watch your savings grow. It has the best of a certificate and the best of regular savings. You have convenient access to your money, like with regular savings, but you earn higher interest rates, like with a certificate.
You’ll earn a competitive rate with a KEMBA money market account. As your savings grow, you earn additional interest on your account in our tiered account levels:
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$1,000 to $9,999.99
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$10,000 to $24,999.99
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$25,000 to $49,999.99
- $50,000 and greater
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IRAs
IRAs are a safe and smart way to build peace of mind for the future while earning possible tax advantages today. Your KEMBA IRA is insured separately from your other credit union deposits, so you have additional coverage.
Choose from a Traditional, Roth or Coverdell IRA and use payroll deduction/direct deposit to make regular deposits. KEMBA is pleased to accept rollovers, transfers and lump sum distributions from qualified retirement plans.
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Christmas Club Accounts
Save for the holidays all year long! On November 1st each year, your Christmas Club funds are transferred to your KEMBA checking account or savings account. Your Christmas Club account will renew automatically for the next year.
(Penalties may apply for withdrawals made before November 1.)
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